Your credit report is one of the most important elements of your financial life. Knowing what’s in your credit report saves time and money. You make better decisions and things go smoother when you’re at the dealership.

Here are some tidbits you should know.

1. You can obtain a free copy of your credit report.

FTC (Federal Trade Commission) Website: You’re entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies. Order online from annualcreditreport.com, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity.

2.Always know your credit score.

If you plan on using financing to buy a used vehicle from Rome Pre-Owned 949 Floyd Ave, Rome NY 13440, your credit score is key to getting the lowest interest rates. Your credit score is a three-digit number that uses your credit information to assess how reliable a borrower you are, and it can significantly influence how lenders decide the terms of your loan.

The higher your credit score, the lower your risk and the lower your interest rate. The lower your credit score, the higher your interest rates. Be proactive in checking your credit score beforehand so you know where your credit stands before you apply for a loan.

3.Understand all the ways you can boost your credit.

Here are the ways to bring up your credit score:

• Make sure your open accounts are in good standing.
• Pay all your bills on time – even those that aren’t’ on your report.
• Keep accounts out of collections.
• Reduce your balances and keep them low.
• Make sure your credit limits are reported correctly.
• Leave old accounts open and keep them active.
• Open new accounts sparingly.
• Have different types of accounts.
• Clean up any negative items.

Rome Pre-Owned is here to help. If you have any question or like to talk to our staff dont heistate to call us: (315)-533-6277